Emaar bucks Dubai market decline

27 June 2010

The DFM Index failed to extend an early rally and closed 0.38% lower at 1,533.17 points. While most utilities, real estate and transport firms added value, banks and telecom weighed on the market. With the holiday season approaching, trading value and volumes plummeted by 44% and 52%, respectively. Some 92.6m shares changed hands. Market bellwether Emaar Properties bucked the downtrend and ended 0.31% higher at Dhs3.27. The DFM share ended flat at Dhs1.55.

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